Enbridge and Iberdrola were among the investors that provided the money, which will help the concentrating solar equipment producer increase manufacturing capacity.
Canada-based solar module and component producer Morgan Solar received $10m in funding on Wednesday from investors including energy utility Iberdrola and oil and gas provider Enbridge.
ArcTern Ventures, a venture capital fund affiliated with Toronto innovation hub MaRS Discovery District, led the round, which also featured sovereign wealth fund Kuwaiti Investment Authority’s EnerTech subsidiary.
Founded in 2007, Morgan has developed concentrating solar technology called Sun Simba and a solar tracker dubbed Savana, and it claims when they are used jointly…
